Ecuador: Market for Activated Natural Mineral Products 2022

Market Size for Activated Natural Mineral Products in Ecuador

In 2021, the Ecuadorian activated natural mineral products market decreased by -42.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2020, and then reduced remarkably in the following year.

Exports of Activated Natural Mineral Products

Exports from Ecuador

Activated natural mineral products exports from Ecuador reached X tons in 2021, growing by 13% compared with 2020. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2016 when exports increased by 130% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, activated natural mineral products exports surged to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 358% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X tons) and Colombia (X tons) were the main destinations of activated natural mineral products exports from Ecuador.

From 2012 to 2021, the biggest increases were in El Salvador (with a CAGR of +26.8%).

In value terms, El Salvador ($X) and Colombia ($X) appeared to be the largest markets for activated natural mineral products exported from Ecuador worldwide.

El Salvador, with a CAGR of +29.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average activated natural mineral products export price amounted to $X per ton, surging by 18% against the previous year. Overall, the export price, however, saw a mild setback. The most prominent rate of growth was recorded in 2016 an increase of 100%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to El Salvador amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Activated Natural Mineral Products

Imports into Ecuador

In 2021, after two years of growth, there was significant decline in purchases abroad of activated natural mineral products, when their volume decreased by -46.4% to X tons. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2019 when imports increased by 24%. Over the period under review, imports attained the maximum at X tons in 2020, and then dropped rapidly in the following year.

In value terms, activated natural mineral products imports dropped markedly to $X in 2021. Overall, imports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2015 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell notably in the following year.

Imports by Country

In 2021, Peru (X tons) constituted the largest supplier of activated natural mineral products to Ecuador, with a 54% share of total imports. Moreover, activated natural mineral products imports from Peru exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Peru totaled -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+26.1% per year) and the United States (-6.3% per year).

In value terms, Peru ($X) constituted the largest supplier of activated natural mineral products to Ecuador, comprising 47% of total imports. The second position in the ranking was held by Mexico ($X), with a 20% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Peru totaled -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+17.8% per year) and the United States (-2.5% per year).

Import Prices by Country

The average activated natural mineral products import price stood at $X per ton in 2021, increasing by 9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 an increase of 12% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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